The CL Crude-analysis Thread - Commodities Futures Trading | futures io social day trading
futures io futures trading


The CL Crude-analysis Thread
Updated: Views / Replies:178,359 / 2,076
Created: by tturner86 Attachments:534

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 534  
 
Thread Tools Search this Thread
 

The CL Crude-analysis Thread

  #891 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Trading

CL already down 2.93% , not interested in longs yet. Just like yesterday there were no shorts, there are no longs for me till FLUSH DOWN. I need eveidence. Picking up levels only goes so far. Flush ups/Flush downs are ideal set ups for me but not every trade comes with an ideal set up. Trades without Flush up/Flush down like long around 48.50 area into this sell off makes sense- just be prepared for lot of back and forth. Anyone who took long around 48.50 should have been prepared for back and forth. So far he/she has been holding the trade for 35 minutes and wondering what's going on. I took long also but with small size and ready for back and forth till one side gives up. Not an ideal set up to put size on.

What is a FLUSH UP?

" How do you tell? It seemed to me that the first 15mins of that push up after the report was a big flush up, and crude had moved about 220 tick at that point from its low...

After 11;30 I had a short bias and just got chopped to bits this afternoon.."



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Attached Thumbnails
The CL Crude-analysis Thread-2015-04-02_0704_flush_up.png  

Last edited by mfbreakout; April 2nd, 2015 at 09:02 AM.
Reply With Quote
The following 3 users say Thank You to mfbreakout for this post:
 
  #892 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Trading

CL move from 48.38 to 48.85 in 45 minutes is it due to shorts covering shorts or real, intense buying? Does not look like that traders are killing each other to get long to me, so out some 48.86. Part of back and forth. If this long was due to reversal of a FLUSH down, i would have held for more ticks but since it's not, 40 ticks with this set up is all i am looking for.
A+ set up vs Run of the mill set up. A+ set ups come once a week, run of the mill set ups couple of times during a day.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Attached Thumbnails
The CL Crude-analysis Thread-2015-04-02_0757_wait-_wait.png  

Last edited by mfbreakout; April 2nd, 2015 at 09:38 AM.
Reply With Quote
The following 4 users say Thank You to mfbreakout for this post:
 
  #893 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Trading


Anyone else trading or just watching the show? Traders who do not expose themselves and have desire to learn, improve, share will never get any where as far as forums like these are concerned. There must be lot of other things one can do if one is just trying to kill boredom.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Reply With Quote
 
  #894 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Trading

It's pretty comical if one reads " Introduce yourself" section. It's full of messages like

It's my deepest and sincere desire to learn and share whatever i can contribute, Then they become AWOL and spend years looking at colorful charts of other traders. More colorful the charts with more crap on it- strongest the attraction.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Attached Thumbnails
The CL Crude-analysis Thread-2015-04-02_0953_timing.png  

Last edited by mfbreakout; April 2nd, 2015 at 11:18 AM.
Reply With Quote
The following 2 users say Thank You to mfbreakout for this post:
 
  #895 (permalink)
Elite Member
Charlotte NC/United States
 
Futures Experience: Beginner
Platform: Ninja, TOS
Favorite Futures: CL
 
Posts: 8 since Nov 2013
Thanks: 438 given, 15 received

A little here a little there

Closed out an earlier long around 49.30, now wishing I hadn't. It was approaching opening range high so wanted to book profits.

Was hoping it would pull back to same area(it still might) but looking pretty strong to the upside right now.


mfbreakout View Post
Anyone else trading or just watching the show? Traders who do not expose themselves and have desire to learn, improve, share will never get any where as far as forums like these are concerned. There must be lot of other things one can do if one is just trying to kill boredom.


Reply With Quote
 
  #896 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Trading


TravisD View Post
Closed out an earlier long around 49.30, now wishing I hadn't. It was approaching opening range high so wanted to book profits.

Was hoping it would pull back to same area(it still might) but looking pretty strong to the upside right now.

If you want feedback- post your chart with reasons for longs and reasons to get out. if you were long from 49.80 area, you got 50 ticks and that's excellent on most days. Just make sure you do not try shorts till everything for you lines up. CL can come back right down to 49 from 49.90 area but if your set up does not lines up do not worry about as to how you could have taken the short etc. One only needs 1 or 2 good trades a day to break the so called BANK.

CONGRATULATION.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.

Last edited by mfbreakout; April 2nd, 2015 at 11:09 AM.
Reply With Quote
The following user says Thank You to mfbreakout for this post:
 
  #897 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Trading

If before every trade i ask " How long of a hold time it will take to get paid, how much heat i will have to take, what kind of back and forth i will have to endure etc " I will cut down number of trades taken even more.

The best CL trader i know of - takes one or 2 trades per day. The market is just too efficent to give too many lay ups during a day. It gives plenty of Mikey Mouse trades all day.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Reply With Quote
The following 2 users say Thank You to mfbreakout for this post:
 
  #898 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Trading

Hi Jthom,

You got Willie Mac got banned- well you did not do it. He was asking for it from day one. He will be back. Lets see your trades from down under.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Reply With Quote
 
  #899 (permalink)
Elite Member
Charlotte NC/United States
 
Futures Experience: Beginner
Platform: Ninja, TOS
Favorite Futures: CL
 
Posts: 8 since Nov 2013
Thanks: 438 given, 15 received


mfbreakout View Post
If you want feedback- post your chart with reasons for longs and reasons to get out. if you were long from 49.80 area, you got 50 ticks and that's excellent on most days. Just make sure you do not try shorts till everything for you lines up. CL can come back right down to 49 from 49.90 area but if your set up does not lines up do not worry about as to how you could have taken the short etc. One only needs 1 or 2 good trades a day to break the so called BANK.

CONGRATULATION.


After the opening price was bouncing off the 80's, I saw volume start to pick up and went long with a market order. When it hit 49.41, overnight low, and retraced a bit i closed it up. Whenever I have a trade on that has gone 30+ ticks in my favor i start to get antsy with booking profits.
Because I only trade 1-2 contracts, scaling in and out isn't an option i have explored very much.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #900 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,248 received


I'll be closing this trade soon if there's no more follow through to the down side but here it is.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
The following 4 users say Thank You to PandaWarrior for this post:

Reply



futures io > > > > The CL Crude-analysis Thread

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
CL Light Crude Analysis TPO/MP/VWAP/VPOC bobarian Commodities Futures Trading 1806 July 17th, 2015 03:39 AM
CL Crude-nalysis indextrader7 Commodities Futures Trading 227 November 5th, 2014 12:47 AM
Why crude oil (CL) trades mostly 1 contract? fyd49 Commodities Futures Trading 8 May 22nd, 2014 04:27 PM
Miscellaneous Statistical Analysis (the big thread) trendisyourfriend The Elite Circle 29 July 15th, 2013 01:51 PM
Big move on crude analysis josh Commodities Futures Trading 4 March 11th, 2011 10:07 AM


All times are GMT -4. The time now is 02:16 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-11-18 in 0.12 seconds with 20 queries on phoenix via your IP 54.198.246.116